Aigen Investment Management LP Purchases 55 Shares of MongoDB, Inc. (NASDAQ:MDB)

Aigen Investment Management LP increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,921 shares of the company’s stock after buying an additional 55 shares during the quarter. Aigen Investment Management LP’s holdings in MongoDB were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MDB. Hilltop National Bank grew its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new position in MongoDB in the fourth quarter valued at approximately $35,000. Brooklyn Investment Group bought a new position in MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday. Robert W. Baird raised their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their target price on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and set a $425.00 target price on shares of MongoDB in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.83.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total value of $2,229,445.80. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $58,121,799.12. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,314 shares of company stock valued at $13,337,753. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $264.13 on Thursday. The stock has a market capitalization of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30. The business has a fifty day moving average price of $263.70 and a two-hundred day moving average price of $275.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $424.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the previous year, the firm earned $0.96 EPS. MongoDB’s revenue was up 22.3% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.